RHD Employees definition

RHD Employees means persons who, immediately after the Effective Time, are employed by the RHD Group (including persons who are absent from work by reason of layoff or leave of absence and inactive employees treated as such by agreement therewith). 9
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Examples of RHD Employees in a sentence

  • The RHD Group shall retain all other Liabilities with respect to awards granted pursuant to the Corporation Stock Option Plans (including, but not limited to, awards granted to RHD Employees).

  • The RHD Group shall retain all Liabilities with respect to severance payments made or to be made to RHD Employees.

  • Except as provided in Section 5.4 and Section 5.6 below, from and after the Effective Time, RHD shall continue to sponsor its Employee Benefit Welfare Plans solely for the benefit of RHD Employees and RHD Disabled Employees.

  • The RHD Group shall be responsible for providing retiree welfare benefits, where applicable, to RHD Employees.

  • Prior to the Effective Time, RHD Employees shall be given the right to elect one of the following options with respect to their Corporation Savings Plan account balances (the "Participant Election Period"): (i) RHD Employees may keep their balances in the Corporation Savings Plan (such employees being known as "RHD Bifurcated Savings Plan Employees"); or (ii) RHD Employees may transfer their balances to the RHD Savings Plan (such employees being known as "RHD Transferred Savings Plan Employees").

  • Active participation of RHD Employees in the Corporation Savings Plan shall cease immediately after the Effective Time.

  • The RHD Group shall retain all Liabilities relating to workers' compensation claims that were incurred (a) prior to the Effective Time with respect to Corporation Employees who were employed by the RHD Group after the Effective Time and (b) on and after the Effective Time with respect to RHD Employees.

  • As of Effective Time, Dividended Restricted Stock credited to RHD Employees shall be adjusted pursuant to the Corporation Restricted Stock Plan and each such individual shall receive a number of shares of RHD Restricted Stock, determined by multiplying the number of shares of Dividended Restricted Stock by the RHD Ratio and the reciprocal of the New D&B Ratio, having the same terms as the Corporation Restricted Stock from which they arose.

  • Except as specifically provided herein, all RHD Employees shall cease participation in all Corporation Employee Benefit Plans as of the Effective Time.

  • As of the Effective Time, RHD Employees shall receive (if, for the pro rata performance cycle, all targets are met) a number of shares of RHD Common Stock equal to (i) the pro rata target number of Corporation Performance Shares plus (ii) the pro rata target number of Corporation Performance Shares multiplied by the RHD Ratio and the reciprocal of the New D&B Ratio.